Leonardo DRS, Inc. (DRS) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.9B	3.6B	3.2B	2.8B	2.7B
Cost of Revenue	2.9B	2.8B	2.5B	2.2B	2.1B
Gross Profit	981.0M	869.0M	736.0M	648.0M	575.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	537.0M	497.0M	414.0M	384.0M	357.0M
General & Admin Expense	537.0M	497.0M	414.0M	384.0M	357.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	23.0M	24.0M	29.0M	33.0M	(343.0M)
Total Operating Expenses	560.0M	521.0M	443.0M	417.0M	14.0M
Cost and Expenses	3.5B	3.3B	2.9B	2.6B	2.1B
Operating Income (EBIT)	421.0M	348.0M	293.0M	231.0M	561.0M
Non-Operating
Interest Income	3.0M	—	—	—	—
Interest Expense	1.0M	8.0M	21.0M	36.0M	34.0M
Net Interest Income	2.0M	(8.0M)	(21.0M)	(36.0M)	(34.0M)
Other Non-Op Income/Expense	(4.0M)	(12.0M)	(29.0M)	(39.0M)	(36.0M)
Non-Operating Income (excl Interest)	(3.0M)	4.0M	8.0M	3.0M	2.0M
EBT (Pre-Tax Income)	417.0M	336.0M	264.0M	192.0M	525.0M
Income Tax Expense	52.0M	58.0M	51.0M	24.0M	120.0M
Bottom Line
Net Income	365.0M	278.0M	213.0M	168.0M	405.0M
Earnings from Cont. Ops	365.0M	278.0M	213.0M	168.0M	405.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	365.0M	278.0M	213.0M	168.0M	405.0M
Per Share
Basic EPS	$1.36	$1.05	$0.81	$0.64	$1.88
Diluted EPS	$1.36	$1.03	$0.80	$0.64	$1.88
Revenue Per Share	$14.48	$13.75	$12.25	$10.77	$12.53
Shares
Basic Shares Outstanding	268.3M	265.3M	264.0M	262.5M	215.0M
Diluted Shares Outstanding	268.3M	268.8M	267.7M	264.0M	215.0M
Profitability Metrics
EBITDA	525.0M	437.0M	376.0M	313.0M	624.0M
D&A	101.0M	93.0M	91.0M	85.0M	65.0M
EBIT	424.0M	344.0M	285.0M	228.0M	559.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026